Amazingly Niave Theory

Linton

des_cartes wrote: »

And how many people crammed into crummy UK housing do you think it will take before significant numbers say b0ll0x to this, i'm off?

In historical terms I think you will find the current number of people per house is very low. According to the census figures the average people/household was 2.36 in 2001 and 2.51 in 1991 - a 6% difference.

The amount of cramming to make a significant difference isnt high. There are about 23M households, so if my calculations are correct just increasing the average back to 1991 levels would be the equivalent of 1.5M extra houses. This is about about 10 times the number of new houses built in 2009.

andykn

FATBALLZ wrote: »

For those without parental support I believe the average age is 38, or it was last time I heard.

The average is skewed by divorcing couple counting as FTBs.

Don't repeat things like this on HPC or you'll get thrown off.

chucky

des_cartes wrote: »

And the amount they can afford to spend on housing continues to fall

hold on... the average mortgage amount borrowed hasn't fallen, it's actually gone up since 2008.

how do you work that one out?

HAMISH_MCTAVISH

the.ciscokid wrote: »

This utopian future sounds like the sort of place that is going to have a great economy, and thus more income for people to blow on smaller and smaller dwellings.

No, individuals may have slightly less disposable income on average. But there will be more individuals living in every house, so household income will be higher.

Besides, when you only build one third of the houses you need, (as we do now) then only the top earning third of households need to be able to afford them for prices to be maintained.

If you want cheaper houses, build more of them.... Anything else, like mortgage restrictions, etc, can never prevent HPI. It can only delay it temporarily.

vart400

What role does immigration have on housing availability? With around half a million known (many more unknown) people from overseas moving to the UK every year, this puts a squeeze on the housing market as these people need a place to live. We should close our borders until we get this countrys housing situation under control.
There needs to be more council housing built to accommodate for people on low income, those in crowded accommodation and the homeless. In this day and age no one should be without a roof over their head, this is one thing the government need to tackle head on, Not just leave it up to charities.
Once everyone in the UK has a roof over their heads and supporting themselves, then we can open the borders again and start accommodating for people wanting to move to the UK.

the.ciscokid

chucky wrote: »

if some one replies to me in the manner you did i treat them like the idiot that they are

if you don't like it you'll have to get over it all by yourself...
maybe if you replied in a more pleasant manner (like you did below) you wouldn't be treated as the blunt instrument that you are...

i'll pass on trying to explain it to you [again]... life is way too short!!

happy new year!!

So you don't want to or cannot answer the questions then (other than to ask me to google effective demand).

the.ciscokid

chucky wrote: »

hold on... the average mortgage amount borrowed hasn't fallen, it's actually gone up since 2008.

how do you work that one out?

Interest rates.

Can you say "moral hazard"?

the.ciscokid

HAMISH_MCTAVISH wrote: »

No, individuals may have slightly less disposable income on average. But there will be more individuals living in every house, so household income will be higher.

Ahh, so it's more workers per household, what with all the new jobs we are creating. Are we going to be having kids in the future, or will families all have lodgers, to provide the extra cash required?

Cleaver

vart400 wrote: »

We should close our borders until we get this countrys housing situation under control.

The trouble with this theory is that without immigration we wouldn't be able to employ the unskilled and skilled workers from abroad that fill the many positions that cannot (or will not) be filled by people from the UK. So stoping immigration would probably cause more problems that it would solve, and I can't really think of any problems it would solve.

And just as a bit of a pedantic point, we can't 'close our borders' as we're part of the EU.

System

the.ciscokid wrote: »

Of course, otherwise how will the mortgage brokers, surveyors, solicitors and estates agencies make their commissions?

Oh, and the government don't want to lose all that lovely stamp duty.

Not to mention the BBC might have to change it's programming schedule...

Way too many VIs to see any sense any time soon, I agree.

I don't understand.

Over the course of my life my salary will increase a lot faster than inflation.

Therefore as I get older I'll be able to afford a bigger and nicer house.

I know there's this imaginary utopian world where we all buy a 5 bed place with 10 acres at 18 years old, but we're talking real life here.